Ozone API, developer of the leading standards-based open API software for Open Banking, is delighted to announce the appointment of Evghenii Malevanchuk as Head of Product.

This key senior hire will bolster Ozone API’s international development team and support its delivery of world-class open API technology that enables banks to go beyond compliance to unlock the opportunities of Open Banking and Open Finance.

Ozone API powers Open Banking implementations of over 50 banks and financial institutions across the world, with a strong footprint in the UK, Europe, Latam and the Middle East with clients such as Tide and Monese. Its founders led the creation of the world’s first Open Banking Standard, which was born in the UK, becoming a blueprint that provided the foundation for ecosystems across the world. They are now shaping the global ecosystem through international advisory work with governments, regulators and central banks.

Evghenii has a strong background in fintech and telecommunications. He brings significant experience and expertise to the role, having served as Head of Open Banking Compliance Department at Salt Edge and Head of PM Department at Unifun, a leading telecommunications company.

He is a passionate advocate of Open Banking and Open Finance and believes open API technology will power the evolution of financial services and the creation of innovative new products. Evghenii is also a supporter of Fintech Without Frontiers, an initiative led by Ozone API which connects displaced tech talent with opportunities in the fintech sector.

Evghenii said: “I am very excited to join Ozone API, which is respected and well-known across the world due to its market-leading products and its leaders’ role in the creation of the UK Open Banking Standard. My main goal will be to create products which offer a seamless user experience, are easy-to-use and enable customers to benefit from open API technology.

“It is a great time to be joining Ozone API. As Open Banking moves towards Open Finance, the market is dynamic, innovative and fast-moving. The world is becoming more open and I look forward to playing my part in the development of this game-changing sector.”

Chris Michael, CEO and Co-Founder of Ozone API, said: “We’re pleased to welcome Evghenii to Ozone API. Our global team is growing and we’re looking forward to working with Evghenii to develop our open API technology and introduce it to more banks and financial institutions in ecosystems across the world.”